Acco Group (NASDAQ:ACCL) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Acco Group Holdings Limited (NASDAQ:ACCL) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.64 and traded as high as $2.17. Acco Group shares last traded at $2.1050, with a volume of 30,825 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Acco Group from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Acco Group currently has an average rating of “Sell”.

Acco Group Price Performance

The business has a 50-day simple moving average of $1.69 and a 200-day simple moving average of $1.64.

Acco Group (NASDAQ:ACCL) last announced its quarterly earnings data on Tuesday, June 30th. The technology company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $1.32 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Acco Group stock. HRT Financial LP purchased a new position in shares of Acco Group Holdings Limited (NASDAQ:ACCL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,540 shares of the technology company’s stock, valued at approximately $31,000. HRT Financial LP owned approximately 0.08% of Acco Group as of its most recent SEC filing.

Acco Group Company Profile

Accelrys, Inc develops and commercializes scientific informatics software products and services for industries and organizations. The Company’s product lines include Pipeline Pilot, Accelrys Enterprise Research and Development (R & D) Platform; Computer Aided Design Modeling and Simulation Software; Enterprise Lab Notebook; Lab Execution Systems; Content Databases, and Data Management & Informatics Software. Its software and service solutions are used by its customers’ scientists, biologists, chemists and information technology professionals in order to aggregate, mine, integrate, analyze, simulate, manage and interactively report scientific data.